First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Short Interest Down 25.8% in February

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 4,600 shares, a decline of 25.8% from the February 13th total of 6,200 shares. Based on an average daily volume of 3,400 shares, the short-interest ratio is presently 1.4 days. Approximately 1.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Baird Financial Group Inc. increased its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 3.3% during the fourth quarter. Baird Financial Group Inc. now owns 44,063 shares of the company’s stock valued at $2,789,000 after buying an additional 1,425 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 9.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 41,700 shares of the company’s stock valued at $2,639,000 after buying an additional 3,691 shares during the last quarter. J.W. Cole Advisors Inc. increased its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 1.3% during the fourth quarter. J.W. Cole Advisors Inc. now owns 26,387 shares of the company’s stock valued at $1,670,000 after buying an additional 327 shares during the last quarter. Jane Street Group LLC increased its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 311.2% during the fourth quarter. Jane Street Group LLC now owns 19,273 shares of the company’s stock valued at $1,220,000 after buying an additional 14,586 shares during the last quarter. Finally, Hilltop Holdings Inc. boosted its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 2.2% in the third quarter. Hilltop Holdings Inc. now owns 10,022 shares of the company’s stock worth $683,000 after purchasing an additional 219 shares during the period.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

NASDAQ:RFEM traded up $0.67 during mid-day trading on Monday, hitting $67.11. 465 shares of the company’s stock were exchanged, compared to its average volume of 2,536. First Trust RiverFront Dynamic Emerging Markets ETF has a one year low of $58.94 and a one year high of $70.20. The business has a fifty day moving average price of $64.48 and a 200 day moving average price of $65.18. The company has a market cap of $30.20 million, a PE ratio of 9.79 and a beta of 0.83.

First Trust RiverFront Dynamic Emerging Markets ETF Company Profile

The First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) is an exchange-traded fund that is based on the Benchmark for RFEM Fund index. The fund is actively-managed to select in emerging market stocks using multiple factors. The manager has discretion to hedge currency exposure up to 100% of the portfolio.